09-23-96 Council Meeting Minutes

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REGULAR MEETING SEPTEMBER 23. 1996 Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Personal property tax deduction for a period of FIVE (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et seq. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Roland Kelly Member of the Common Council Ernest Szarwark, attorney, made the presentation for the resolution. He reported this company manufactures tooling for use in the automotive and office furniture industries. He indicated they needed the new equipment in order to be competitive. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Washington. The resolution was adopted by a roll call vote of seven ayes. Council Member Coleman made a motion to combine public hearing on the next two resolutions, seconded by Council Member Luecke. The motion carried. RESOLUTION NO. 2506 -96 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2424 NORTH FOUNDATION DRIVE, SOUTH BEND, INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX YEAR REAL PROPERTY TAX ABATEMENT FOR NIMET INDUSTRIES, INC. Whereas, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and Whereas, a Declaratory Resolution designated the area commonly known as 3333 West Lathrop Drive, and which is more particularly described as follows: A parcel of land in part of the south half of Section 28, Township 38 north range 2 east, German township, St. Joseph County, Indiana, described as follows: Commencing at the southeast corner of said Section; thence north 90 degrees 00 minutes 00 seconds west 2542.71 feet to the southeast corner of the southwest quarter of said section; thence south 89 degrees 00 minutes 47 seconds east 528.56 feet; thence south 89 degrees 59 minutes 13 seconds east 40 feet to the point of beginning of this description; thence north 0 degrees 00 minutes 47 seconds east 375.00 feet; thence south 89 degrees 59 minutes 13, seconds east 450.00 feet; thence south 0 degrees 00 minutes 47 seconds west 375.00 feet; thence north 89 degrees 59 minutes 13 seconds west 450.00 feet to the point of beginning and containing 3.874 acres, more or less. The bearing of the South line of the southeast quarter of section 28 is assumed north 90 degrees 00 minutes 00 seconds west.